How Business Makes Tax Payment Through Online Banking?

Online banking is the easiest way for businesses to pay their bills. However, despite all major Canadian banks offering tax payment/filing services, paying business tax bills is not as obvious as paying regular bills, like your cellphone, internet, utilities and etc.. Because banks separate this functionality from normal “Pay Bills” functions. The “Pay Bills” function provided by banks only support paying individual tax bills, not business taxes.

I have often been asked by clients about how to make tax bills through their online banking. The following is a list of the resources I found from three major Canadian bankers. Hope these information can help and ease your tax payment processes.

Bank of Montreal: Tax Payment Services Guide

Bank of Nova Scotia: Tax Payment Services Guide

RBC: Tax Payment Services Guide

I can’t locate the information from TD and CIBC. If you happened to know them. Please post here.

About Me:

Tao Li is a dedicated and experienced Chartered Professional Accountant and Chartered Account providing tax and accounting services in Toronto. With over 10 years of accounting and tax experience, my objective is to provide you insightful and timely advice with a high level of integrity, quality and professionalism.

About the Firm:

Based in Toronto, Tao Li CPA Professional Corporation is a full service accounting firm committed to provide a comprehensive range of services to entrepreneur, professionals, small to mid-sized corporations and not-for-profit organizations. Our services include bookkeeping, payroll, GST/HST, corporate tax preparation, financial statements compilation, business registration, management accounting and budgeting, business planning, financial forecasts and projections.